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Explain the purpose of underwriting and describe the steps i

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Explain the purpose of underwriting and describe the steps in the underwriting process. Which step do you think is most important and why?

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This solution discusses the steps of underwriting.

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The purpose of underwriting is to evaluate all of the criteria provided by the consumer, and then strategically develop a program (policy, contract, agreement, etc.) based on the criteria, that best suits both the underwriting agency and the company receiving the agreement.

There are a total of six steps in the underwriting process. The steps are:

1. Evaluating loss ...

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